Outcome:

• Proceeds funded land acquisition, permitting & entitlements, construction costs, developer fee, interest reserve, all closing costs, and reimbursed all pursuit costs

• Providing Developer certainty of funds allowing for dramatic expansion of development pipeline without sharing profit participation

Overview:

• $15MM Loan Facility for 3 years to fund 100% of costs for single-tenant net-leased developments

• Interest accrued only on funds disbursed on a project basis

Constraints:

•The lesser of 100% of Costs or 80% of Stabilized Value